The Campaign Spot

Democrats’ Proposed Cuts Amount to One-Seventh of Deficit . . . for Tuesday

More perspective on the scale of the GOP’s proposed cuts:

The national debt jumped by $72 billion on Tuesday even as the Republican-led U.S. House of Representatives passed a continuing resolution to fund the government for just three weeks that will cut $6 billion from government spending . . . At the close of business on Monday, according to the Treasury Department’s Bureau of the Public Debt, the total national debt stood at $14.166 trillion ($14,166,030,787,779.80). At the close of business Tuesday, the debt stood at $14.237 trillion ($14,237,952,276,898.69), an increase of $71.9 billion ($71,921,489,118.89).

The total cuts proposed by Democrats remain at $10.5 billion.

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